Australian (ASX) Stock Market Forum

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Hi Miner,


The market is VERY jumpy at the moment. It only needs a sniff of something for the big boys to jump off.


I can't see the reason for todays slide so I assume it may be some sort of fundamental reason. etrade don't have any new news. Maybe someone inside knows something.


From what I can see the dive happened after the close. This may be something as simple as an institution that was going to sell today no matter what.


For what it's worth. If i had to predict, given the lack of fundamental evidence, I'd say the share price will bounce back tomorrow at least half as much as today's drop. I'll be having it in my watch list as a stock to purchase.


Thanks for the heads up, I hadn't noticed the drop as it happened after the close.


T


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